USD/CHF may fall 16 - 36 pips

Pivot

0.8530

Our preference

Short positions below 0.8530 with targets at 0.8485 & 0.8465 in extension.

Alternative scenario

Above 0.8530 look for further upside with 0.8550 & 0.8565 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

0.8565

0.8550

0.8530

0.8501 Last

0.8485

0.8465

0.8445

Number of asterisks represents the strength of support and resistance levels.